R2,050,000

R2,050,000

18 Bedroom Flat For Sale in Luipaardsvlei
18
Bedrooms
6
Bathrooms
Sole Mandate
1-6 Corrie Hester, 11 Francis Street
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18 Bedroom block of flats for Sale in Luipaardsvlei

Web Ref. FHR1038
Land size 528.00 m²
Monthly Bond Repayment
R20,466.78
Are you a property investor or a startup investor looking for an affordable investment opportunity with great income potential?

Look no further. Here is your cash cow. An investment opportunity not to be missed. Become a landlord in the city of Mogale. Here is a property with great rental income potential. A block of flats well located close to major roads, public transport, Westcol, Krugersdorp Hospital and other local amenities.

This building has 6 flats which can be rented out as family units or as student accommodation. Each of the 6 flats comprise of 3 bedrooms, lounge, kitchen and bathroom. Currently flats are partitioned inside and rented out as rooms.

The property is perfect for student accommodation due to its nearness to Westcol. Its less than 5 minutes’ walk to Westcol. If you are into student accommodation investment, this is a perfect property for you.

Fully let monthly rental income for families if R30000 and for students currently its R43 000 with a potential of getting more income depending on how you rent out the rooms.

All rooms have prepaid electricity and that gives the landlord peace of mind when it comes to electricity usage and collections.

Building is well maintained and managed. There is a caretaker who stays on the property.

This is an investment opportunity not to be missed. To schedule and exclusive viewing of this property call me.

Features

Interior
18 Bedrooms
6 Bathrooms
6 Kitchens
6 Lounges
Exterior
6 Parkings (Carport)
Sizes
Land Size 528 m²
Listing Info
Date Listed 01-11-24
Time Listed 11:01

Disclaimer

While every effort will be made to ensure that the information contained within the Fine Home Property Group website is accurate and up to date, Fine Home Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.